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Pan American Plaza 1701-1733 E University Ave 1,256 - 30,448 SF of Retail Space Available in Las Cruces, NM 88001

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HIGHLIGHTS

  • Located directly across from New Mexico State University
  • Build-to-suit and ground lease options available
  • Strong demographics with over 76,000 daytime population within 3 miles
  • Excellent visibility with traffic counts over 30,000 VPD
  • Surrounded by national retailers and hospitality brands
  • Flexible suite sizes and pad configurations for diverse tenant needs

SPACE AVAILABILITY (5)

Display Rental Rate as

  • SPACE
  • SIZE
  • TERM
  • RENTAL RATE
  • RENT TYPE
  • 1st Floor, Ste 3
  • 9,550 SF
  • Negotiable
  • $19.31 CAD/SF/YR $1.61 CAD/SF/MO $184,370 CAD/YR $15,364 CAD/MO
  • Triple Net (NNN)
1701-1733 E University Ave - 1st Floor - Ste 3
Space Use
Retail
Condition
Partial Build-Out
Availability
Now

Pan Am Plaza offers a prime retail leasing opportunity in the heart of Las Cruces, directly across from New Mexico State University and just west of the I-25 interchange. This vibrant shopping center benefits from exceptional visibility and traffic counts exceeding 30,000 VPD, making it a strategic location for retailers seeking strong exposure and proximity to a dynamic university population. The center features a mix of junior anchor spaces, shop suites, and pad sites with build-to-suit options. New shop buildings offer flexible configurations ranging from ±1,255 to ±5,671 SF, ideal for national brands, local operators, or service-oriented tenants. Pad sites ranging from ±0.8 to ±4.0 acres are available for ground lease, providing excellent frontage and access. Surrounding tenants include national and regional brands such as Whataburger, Buffalo Wild Wings, Holiday Inn Express, and McAlister’s Deli, contributing to a high-traffic retail corridor. The area boasts a daytime population of over 76,000 within 3 miles and a median age of 33.6, with over 45% holding college degrees. Average household income within 3 miles exceeds $63,000, supporting a strong consumer base. Pan Am Plaza is ideally positioned to serve both the university community and the broader Las Cruces market, offering retailers a rare opportunity to establish or expand in a high-growth, high-visibility location.

  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Located directly across from NMSU
  • Excellent visibility
  • Build-to-suit and ground lease options available
  • Surrounded by national retailers
  • Strong demographics
  • Flexible suite sizes and pad configurations
  • 1st Floor, Ste 4
  • 3,172 SF
  • Negotiable
  • $24.82 CAD/SF/YR $2.07 CAD/SF/MO $78,734 CAD/YR $6,561 CAD/MO
  • Triple Net (NNN)
1701-1733 E University Ave - 1st Floor - Ste 4
Space Use
Retail
Condition
Partial Build-Out
Availability
Now

Pan Am Plaza offers a prime retail leasing opportunity in the heart of Las Cruces, directly across from New Mexico State University and just west of the I-25 interchange. This vibrant shopping center benefits from exceptional visibility and traffic counts exceeding 30,000 VPD, making it a strategic location for retailers seeking strong exposure and proximity to a dynamic university population. The center features a mix of junior anchor spaces, shop suites, and pad sites with build-to-suit options. New shop buildings offer flexible configurations ranging from ±1,255 to ±5,671 SF, ideal for national brands, local operators, or service-oriented tenants. Pad sites ranging from ±0.8 to ±4.0 acres are available for ground lease, providing excellent frontage and access. Surrounding tenants include national and regional brands such as Whataburger, Buffalo Wild Wings, Holiday Inn Express, and McAlister’s Deli, contributing to a high-traffic retail corridor. The area boasts a daytime population of over 76,000 within 3 miles and a median age of 33.6, with over 45% holding college degrees. Average household income within 3 miles exceeds $63,000, supporting a strong consumer base. Pan Am Plaza is ideally positioned to serve both the university community and the broader Las Cruces market, offering retailers a rare opportunity to establish or expand in a high-growth, high-visibility location.

  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Located directly across from NMSU
  • Excellent visibility
  • Build-to-suit and ground lease options available
  • Surrounded by national retailers
  • Strong demographics
  • Flexible suite sizes and pad configurations
  • 1st Floor, Ste 9-B
  • 9,344 SF
  • Negotiable
  • $19.31 CAD/SF/YR $1.61 CAD/SF/MO $180,393 CAD/YR $15,033 CAD/MO
  • Triple Net (NNN)
1701-1733 E University Ave - 1st Floor - Ste 9-B
Space Use
Retail
Condition
Partial Build-Out
Availability
Now

Pan Am Plaza offers a prime retail leasing opportunity in the heart of Las Cruces, directly across from New Mexico State University and just west of the I-25 interchange. This vibrant shopping center benefits from exceptional visibility and traffic counts exceeding 30,000 VPD, making it a strategic location for retailers seeking strong exposure and proximity to a dynamic university population. The center features a mix of junior anchor spaces, shop suites, and pad sites with build-to-suit options. New shop buildings offer flexible configurations ranging from ±1,255 to ±5,671 SF, ideal for national brands, local operators, or service-oriented tenants. Pad sites ranging from ±0.8 to ±4.0 acres are available for ground lease, providing excellent frontage and access. Surrounding tenants include national and regional brands such as Whataburger, Buffalo Wild Wings, Holiday Inn Express, and McAlister’s Deli, contributing to a high-traffic retail corridor. The area boasts a daytime population of over 76,000 within 3 miles and a median age of 33.6, with over 45% holding college degrees. Average household income within 3 miles exceeds $63,000, supporting a strong consumer base. Pan Am Plaza is ideally positioned to serve both the university community and the broader Las Cruces market, offering retailers a rare opportunity to establish or expand in a high-growth, high-visibility location.

  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Located directly across from NMSU
  • Excellent visibility
  • Build-to-suit and ground lease options available
  • Surrounded by national retailers
  • Strong demographics
  • Flexible suite sizes and pad configurations
  • 1st Floor, Ste Building 1
  • 1,256-2,711 SF
  • Negotiable
  • $48.26 CAD/SF/YR $4.02 CAD/SF/MO $130,845 CAD/YR $10,904 CAD/MO
  • Triple Net (NNN)
Pan Am Plaza - New Shop Building 1 - 1st Floor - Ste Building 1
Space Use
Retail
Condition
Partial Build-Out
Availability
2026-03-01

Pan Am Plaza offers a prime retail leasing opportunity in the heart of Las Cruces, directly across from New Mexico State University and just west of the I-25 interchange. This vibrant shopping center benefits from exceptional visibility and traffic counts exceeding 30,000 VPD, making it a strategic location for retailers seeking strong exposure and proximity to a dynamic university population. The center features a mix of junior anchor spaces, shop suites, and pad sites with build-to-suit options. New shop buildings offer flexible configurations ranging from ±1,255 to ±5,671 SF, ideal for national brands, local operators, or service-oriented tenants. Pad sites ranging from ±0.8 to ±4.0 acres are available for ground lease, providing excellent frontage and access. Surrounding tenants include national and regional brands such as Whataburger, Buffalo Wild Wings, Holiday Inn Express, and McAlister’s Deli, contributing to a high-traffic retail corridor. The area boasts a daytime population of over 76,000 within 3 miles and a median age of 33.6, with over 45% holding college degrees. Average household income within 3 miles exceeds $63,000, supporting a strong consumer base. Pan Am Plaza is ideally positioned to serve both the university community and the broader Las Cruces market, offering retailers a rare opportunity to establish or expand in a high-growth, high-visibility location.

  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • Located directly across from NMSU
  • Excellent visibility
  • Build-to-suit and ground lease options available
  • Surrounded by national retailers
  • Strong demographics
  • Flexible suite sizes and pad configurations
  • 1st Floor, Ste Building 2
  • 1,839-5,671 SF
  • Negotiable
  • $48.26 CAD/SF/YR $4.02 CAD/SF/MO $273,707 CAD/YR $22,809 CAD/MO
  • Triple Net (NNN)
Pan Am Plaza - New Shop Building 2 - 1st Floor - Ste Building 2
Space Use
Retail
Condition
Partial Build-Out
Availability
2026-03-01

Pan Am Plaza offers a prime retail leasing opportunity in the heart of Las Cruces, directly across from New Mexico State University and just west of the I-25 interchange. This vibrant shopping center benefits from exceptional visibility and traffic counts exceeding 30,000 VPD, making it a strategic location for retailers seeking strong exposure and proximity to a dynamic university population. The center features a mix of junior anchor spaces, shop suites, and pad sites with build-to-suit options. New shop buildings offer flexible configurations ranging from ±1,255 to ±5,671 SF, ideal for national brands, local operators, or service-oriented tenants. Pad sites ranging from ±0.8 to ±4.0 acres are available for ground lease, providing excellent frontage and access. Surrounding tenants include national and regional brands such as Whataburger, Buffalo Wild Wings, Holiday Inn Express, and McAlister’s Deli, contributing to a high-traffic retail corridor. The area boasts a daytime population of over 76,000 within 3 miles and a median age of 33.6, with over 45% holding college degrees. Average household income within 3 miles exceeds $63,000, supporting a strong consumer base. Pan Am Plaza is ideally positioned to serve both the university community and the broader Las Cruces market, offering retailers a rare opportunity to establish or expand in a high-growth, high-visibility location.

  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • Located directly across from NMSU
  • Excellent visibility
  • Build-to-suit and ground lease options available
  • Surrounded by national retailers
  • Strong demographics
  • Flexible suite sizes and pad configurations
Space Size Term Rental Rate Rent Type
1st Floor, Ste 3 9,550 SF Negotiable $19.31 CAD/SF/YR $1.61 CAD/SF/MO $184,370 CAD/YR $15,364 CAD/MO Triple Net (NNN)
1st Floor, Ste 4 3,172 SF Negotiable $24.82 CAD/SF/YR $2.07 CAD/SF/MO $78,734 CAD/YR $6,561 CAD/MO Triple Net (NNN)
1st Floor, Ste 9-B 9,344 SF Negotiable $19.31 CAD/SF/YR $1.61 CAD/SF/MO $180,393 CAD/YR $15,033 CAD/MO Triple Net (NNN)
1st Floor, Ste Building 1 1,256-2,711 SF Negotiable $48.26 CAD/SF/YR $4.02 CAD/SF/MO $130,845 CAD/YR $10,904 CAD/MO Triple Net (NNN)
1st Floor, Ste Building 2 1,839-5,671 SF Negotiable $48.26 CAD/SF/YR $4.02 CAD/SF/MO $273,707 CAD/YR $22,809 CAD/MO Triple Net (NNN)

1701-1733 E University Ave - 1st Floor - Ste 3

Size
9,550 SF
Term
Negotiable
Rental Rate
$19.31 CAD/SF/YR $1.61 CAD/SF/MO $184,370 CAD/YR $15,364 CAD/MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Partial Build-Out
Availability
Now

Pan Am Plaza offers a prime retail leasing opportunity in the heart of Las Cruces, directly across from New Mexico State University and just west of the I-25 interchange. This vibrant shopping center benefits from exceptional visibility and traffic counts exceeding 30,000 VPD, making it a strategic location for retailers seeking strong exposure and proximity to a dynamic university population. The center features a mix of junior anchor spaces, shop suites, and pad sites with build-to-suit options. New shop buildings offer flexible configurations ranging from ±1,255 to ±5,671 SF, ideal for national brands, local operators, or service-oriented tenants. Pad sites ranging from ±0.8 to ±4.0 acres are available for ground lease, providing excellent frontage and access. Surrounding tenants include national and regional brands such as Whataburger, Buffalo Wild Wings, Holiday Inn Express, and McAlister’s Deli, contributing to a high-traffic retail corridor. The area boasts a daytime population of over 76,000 within 3 miles and a median age of 33.6, with over 45% holding college degrees. Average household income within 3 miles exceeds $63,000, supporting a strong consumer base. Pan Am Plaza is ideally positioned to serve both the university community and the broader Las Cruces market, offering retailers a rare opportunity to establish or expand in a high-growth, high-visibility location.

  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Located directly across from NMSU
  • Excellent visibility
  • Build-to-suit and ground lease options available
  • Surrounded by national retailers
  • Strong demographics
  • Flexible suite sizes and pad configurations

1701-1733 E University Ave - 1st Floor - Ste 4

Size
3,172 SF
Term
Negotiable
Rental Rate
$24.82 CAD/SF/YR $2.07 CAD/SF/MO $78,734 CAD/YR $6,561 CAD/MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Partial Build-Out
Availability
Now

Pan Am Plaza offers a prime retail leasing opportunity in the heart of Las Cruces, directly across from New Mexico State University and just west of the I-25 interchange. This vibrant shopping center benefits from exceptional visibility and traffic counts exceeding 30,000 VPD, making it a strategic location for retailers seeking strong exposure and proximity to a dynamic university population. The center features a mix of junior anchor spaces, shop suites, and pad sites with build-to-suit options. New shop buildings offer flexible configurations ranging from ±1,255 to ±5,671 SF, ideal for national brands, local operators, or service-oriented tenants. Pad sites ranging from ±0.8 to ±4.0 acres are available for ground lease, providing excellent frontage and access. Surrounding tenants include national and regional brands such as Whataburger, Buffalo Wild Wings, Holiday Inn Express, and McAlister’s Deli, contributing to a high-traffic retail corridor. The area boasts a daytime population of over 76,000 within 3 miles and a median age of 33.6, with over 45% holding college degrees. Average household income within 3 miles exceeds $63,000, supporting a strong consumer base. Pan Am Plaza is ideally positioned to serve both the university community and the broader Las Cruces market, offering retailers a rare opportunity to establish or expand in a high-growth, high-visibility location.

  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Located directly across from NMSU
  • Excellent visibility
  • Build-to-suit and ground lease options available
  • Surrounded by national retailers
  • Strong demographics
  • Flexible suite sizes and pad configurations

1701-1733 E University Ave - 1st Floor - Ste 9-B

Size
9,344 SF
Term
Negotiable
Rental Rate
$19.31 CAD/SF/YR $1.61 CAD/SF/MO $180,393 CAD/YR $15,033 CAD/MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Partial Build-Out
Availability
Now

Pan Am Plaza offers a prime retail leasing opportunity in the heart of Las Cruces, directly across from New Mexico State University and just west of the I-25 interchange. This vibrant shopping center benefits from exceptional visibility and traffic counts exceeding 30,000 VPD, making it a strategic location for retailers seeking strong exposure and proximity to a dynamic university population. The center features a mix of junior anchor spaces, shop suites, and pad sites with build-to-suit options. New shop buildings offer flexible configurations ranging from ±1,255 to ±5,671 SF, ideal for national brands, local operators, or service-oriented tenants. Pad sites ranging from ±0.8 to ±4.0 acres are available for ground lease, providing excellent frontage and access. Surrounding tenants include national and regional brands such as Whataburger, Buffalo Wild Wings, Holiday Inn Express, and McAlister’s Deli, contributing to a high-traffic retail corridor. The area boasts a daytime population of over 76,000 within 3 miles and a median age of 33.6, with over 45% holding college degrees. Average household income within 3 miles exceeds $63,000, supporting a strong consumer base. Pan Am Plaza is ideally positioned to serve both the university community and the broader Las Cruces market, offering retailers a rare opportunity to establish or expand in a high-growth, high-visibility location.

  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Located directly across from NMSU
  • Excellent visibility
  • Build-to-suit and ground lease options available
  • Surrounded by national retailers
  • Strong demographics
  • Flexible suite sizes and pad configurations

Pan Am Plaza - New Shop Building 1 - 1st Floor - Ste Building 1

Size
1,256-2,711 SF
Term
Negotiable
Rental Rate
$48.26 CAD/SF/YR $4.02 CAD/SF/MO $130,845 CAD/YR $10,904 CAD/MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Partial Build-Out
Availability
2026-03-01

Pan Am Plaza offers a prime retail leasing opportunity in the heart of Las Cruces, directly across from New Mexico State University and just west of the I-25 interchange. This vibrant shopping center benefits from exceptional visibility and traffic counts exceeding 30,000 VPD, making it a strategic location for retailers seeking strong exposure and proximity to a dynamic university population. The center features a mix of junior anchor spaces, shop suites, and pad sites with build-to-suit options. New shop buildings offer flexible configurations ranging from ±1,255 to ±5,671 SF, ideal for national brands, local operators, or service-oriented tenants. Pad sites ranging from ±0.8 to ±4.0 acres are available for ground lease, providing excellent frontage and access. Surrounding tenants include national and regional brands such as Whataburger, Buffalo Wild Wings, Holiday Inn Express, and McAlister’s Deli, contributing to a high-traffic retail corridor. The area boasts a daytime population of over 76,000 within 3 miles and a median age of 33.6, with over 45% holding college degrees. Average household income within 3 miles exceeds $63,000, supporting a strong consumer base. Pan Am Plaza is ideally positioned to serve both the university community and the broader Las Cruces market, offering retailers a rare opportunity to establish or expand in a high-growth, high-visibility location.

  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • Located directly across from NMSU
  • Excellent visibility
  • Build-to-suit and ground lease options available
  • Surrounded by national retailers
  • Strong demographics
  • Flexible suite sizes and pad configurations

Pan Am Plaza - New Shop Building 2 - 1st Floor - Ste Building 2

Size
1,839-5,671 SF
Term
Negotiable
Rental Rate
$48.26 CAD/SF/YR $4.02 CAD/SF/MO $273,707 CAD/YR $22,809 CAD/MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Partial Build-Out
Availability
2026-03-01

Pan Am Plaza offers a prime retail leasing opportunity in the heart of Las Cruces, directly across from New Mexico State University and just west of the I-25 interchange. This vibrant shopping center benefits from exceptional visibility and traffic counts exceeding 30,000 VPD, making it a strategic location for retailers seeking strong exposure and proximity to a dynamic university population. The center features a mix of junior anchor spaces, shop suites, and pad sites with build-to-suit options. New shop buildings offer flexible configurations ranging from ±1,255 to ±5,671 SF, ideal for national brands, local operators, or service-oriented tenants. Pad sites ranging from ±0.8 to ±4.0 acres are available for ground lease, providing excellent frontage and access. Surrounding tenants include national and regional brands such as Whataburger, Buffalo Wild Wings, Holiday Inn Express, and McAlister’s Deli, contributing to a high-traffic retail corridor. The area boasts a daytime population of over 76,000 within 3 miles and a median age of 33.6, with over 45% holding college degrees. Average household income within 3 miles exceeds $63,000, supporting a strong consumer base. Pan Am Plaza is ideally positioned to serve both the university community and the broader Las Cruces market, offering retailers a rare opportunity to establish or expand in a high-growth, high-visibility location.

  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • Located directly across from NMSU
  • Excellent visibility
  • Build-to-suit and ground lease options available
  • Surrounded by national retailers
  • Strong demographics
  • Flexible suite sizes and pad configurations

Rent Types


The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

SELECT TENANTS AT PAN AMERICAN PLAZA

  • TENANT
  • DESCRIPTION
  • US LOCATIONS
  • REACH
  • Campus Book Store
  • Books
  • 1
  • -
  • Dollar Tree
  • Dollar/Variety/Thrift
  • 10,966
  • International
  • Domino’s
  • Pizza
  • 9,078
  • International
  • Edward Jones
  • Finance Company
  • 17,915
  • International
  • State Farm
  • Insurance
  • 24,894
  • National
  • Tuesday Morning
  • Off-Price
  • 2
  • National
TENANT DESCRIPTION US LOCATIONS REACH
Campus Book Store Books 1 -
Dollar Tree Dollar/Variety/Thrift 10,966 International
Domino’s Pizza 9,078 International
Edward Jones Finance Company 17,915 International
State Farm Insurance 24,894 National
Tuesday Morning Off-Price 2 National

PROPERTY FACTS

Total Space Available 30,448 SF
Min. Divisible 1,256 SF
Center Type Neighborhood Center
Parking 510 Spaces
Center Properties 7
Gross Leasable Area 98,097 SF
Total Land Area 104.15 AC
Year Built 1980
Cross Streets University Ave. & I-25

ABOUT THE PROPERTY

Retail shopping center located across from New Mexico State University. Mix of junior anchors, shop tenants, and pad sites.

  • Pylon Sign
Bike Score®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Starbucks
Lowe's Market
Citizens Bank
  • Listing ID: 38854313

  • Date on Market: 2025-10-13

  • Last Updated:

  • Address: 1701-1733 E University Ave, Las Cruces, NM 88001

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